Retirement plan

KENNETH FOX SUPPLY COMPANY 401(K) PROFIT SHARING PLAN

Name: KENNETH FOX SUPPLY COMPANY - KENNETH FOX SUPPLY COMPANY 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KENNETH FOX SUPPLY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENNETH FOX SUPPLY COMPANY 401(K) PROFIT SHARING PLAN, KENNETH FOX SUPPLY COMPANY

KENNETH FOX SUPPLY COMPANYEIN 74-1670882Plan #001PY 2024

P.O. BOX 2288 - MCALLEN, TX 78504956-682-6176LinkedIn201-500 employees

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$7.5M

+28.6% from 2023

Total participants

318

-10.2% from 2023

Average account balance

$31,021

+37.7% from 2023

Annual return

19.88%

+10.38 pp from 2023

Benchmarks

See 1,157 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,157 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.48M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$31K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

241

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

73.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.88%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$265

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC - RPCP Service code 26 · EIN 04-3046611	Advisory (Participants)	$22,230
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Service code 15 · EIN 01-0233346	Recordkeeping	$9,141
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ASSOCIATES INC(USA) Service code 26 · EIN 95-2755361	Advisory (Participants)	$1,270

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$64K

$217 / participant

Recordkeeping$32K49.4%
Investment mgmt$24K36.8%
Contract admin$9K13.7%

% of EOY assets

0.854%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARR, RIGGS & INGRAM LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,021

$92,186-66.3%

$105,624-70.6%

$77,762-60.1%

Participation rate

73.8%

81.0%-7.2pp

75.3%-1.5pp

70.6%+3.2pp

Annual return

19.88%

17.83%+2.1pp

116.20%-96.3pp

31.27%-11.4pp

Employer contribution / active EE

$1,290

$3,376-61.8%

$3,168-59.3%

$2,728-52.7%

Participant deferral / active EE

$2,125

$5,395-60.6%

$5,013-57.6%

$4,651-54.3%

Admin fee / account holder

$265

$219+20.9%

$10,961-97.6%

$433-38.8%

Provider

Service type

Compensation

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL LLC - RPCP

Service code 26 · EIN 04-3046611

Advisory (Participants)

$22,230

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Service code 15 · EIN 01-0233346

Recordkeeping

$9,141

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ASSOCIATES INC(USA)

Service code 26 · EIN 95-2755361

Advisory (Participants)

$1,270

KENNETH FOX SUPPLY COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENNETH FOX SUPPLY COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion